Century Media, one of metal and hard rock’s most prominent indie record labels, has been bought by Sony Music Entertainment for almost $20 million. Century Media has launched the careers of well known bands such as In This Moment, Stuck Mojo, Fozzy, Shadows Fall, Lacuna Coil, Suicide Silence and many more.
Founder and CEO Robert Krampf (above) is very pleased and was quoted stating (via Blabbermouth.net):
“The future of Century is incredibly bright, the company I founded over 25 years ago is moving into its strongest chapter yet with the best music company in the world, Sony Music. I am tremendously excited to work with the outstanding executive teams at Sony Music and RED to further grow Century’s labels as a dominant force in rock, prog, alternative and metal. The sky is the limit.”
The purchase includes every Century Media label including Another Century (rock), InsideOut Music (progressive), People Like You (post-punk, alternative) and Superball (alternative, modern progressive).
Krampf will continue to serve as CEO for Century Media, and RED Distribution will handle distribution for Century Media in the U.S., while Sony will pick up international distribution.
Best of luck to Krampf and congrats on the big move!